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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: LLCF who wrote (1033)	5/29/2001 10:00:58 PM
From: Lorne Larson	Read Replies (1) of 11633

I was one of the original boosters of MXT on this site. Sold all of my MXT after their April press release. My problem is that MXT (in my opinion) is not transparent in their reporting. I don't understand the discrepancy between the FFO and the distributions. What is this money being used for? Also don't understand the obligations of MXT under the Weyburn partnership. My impression is that there are some capital expenditures involved, but MXT has never clarified this. Also was less than impressed with the information I received from MXT when I contacted them on 3 occassions. Bottom line is that there are many oil and gas royalty trusts paying a yield equal to or greater than MXT and who are 100% transparent concerning their operations and finances.

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